Tax Filing

A Comprehensive Guide on Filing Quarterly Percentage Tax (BIR Form No. 2551Q) for Freelancers & Sole Proprietors

What do you need to know about filing BIR Form No. 2551Q or Quarterly Percentage Tax? Who needs to file BIR Form No. 2551Q? How to Calculate Quarterly Percentage Tax? When and where you can you file? How can payments be made? What penalties will be imposed upon failure of… Read MoreA Comprehensive Guide on Filing Quarterly Percentage Tax (BIR Form No. 2551Q) for Freelancers & Sole Proprietors

Tax Filing 101: 4 Mistakes You Shouldn’t Make

  • Evan Tan 

What mistakes should be avoided when filing freelance taxes in the Philippines? Presenting incomplete and incorrect data Miscalculating the tax due Not declaring every income earned Missing the deadline Filing taxes as a freelancer in the Philippines can be difficult and confusing. Plus, the introduction of the TRAIN law certainly doesn’t help… Read MoreTax Filing 101: 4 Mistakes You Shouldn’t Make

Tax Filing in the Philippines: Choosing Graduated Rate or 8% Threshold Rate

What are the important factors that come into play with the new tax filing policies? Mechanics Conditions Qualifications   Tax filing in the Philippines can be a very daunting and tricky task. With President Duterte’s implementation of TRAIN (Tax Reform for Acceleration and Inclusion), there have been several new policies… Read MoreTax Filing in the Philippines: Choosing Graduated Rate or 8% Threshold Rate